Fidelity Freedom Index 2035 Premier II (FAVNX)
| Fund Assets | 27.37B |
| Expense Ratio | 0.04% |
| Min. Investment | $5,000,000 |
| Turnover | 15.00% |
| Dividend (ttm) | 0.66 |
| Dividend Yield | 2.45% |
| Dividend Growth | n/a |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | May 9, 2025 |
| Previous Close | 27.01 |
| YTD Return | 16.77% |
| 1-Year Return | 13.47% |
| 5-Year Return | n/a |
| 52-Week Low | 21.53 |
| 52-Week High | 27.26 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | n/a |
About FAVNX
The Fidelity Freedom Index 2035 Fund is a target-date mutual fund built for investors who expect to retire around the year 2035, typically at or near age 65. Its primary function is to provide a diversified, professionally managed investment option that automatically adjusts its asset allocation over time. Early in its lifecycle, the fund emphasizes growth by investing mainly in a mix of U.S. and international equity index funds. As the target year approaches and transitions to retirement, it gradually shifts toward greater allocations in fixed income and short-term funds to reduce risk and prioritize capital preservation and income. The fund is composed of underlying Fidelity index funds, which track broad market benchmarks, delivering transparency, cost efficiency, and diversification across global markets. Serving as part of Fidelity’s suite of Freedom Index Funds, it plays a significant role in retirement planning, offering a hands-off solution that rebalances automatically, aligning with the changing risk tolerance needs of investors as they move toward and through retirement.
Performance
FAVNX had a total return of 13.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.39%.
Top 10 Holdings
99.92% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Series Total Market Index Fund | FCFMX | 40.01% |
| Fidelity Series Global ex US Index | FSGEX | 26.78% |
| Fidelity Series Bond Index Fund | FIFZX | 22.13% |
| Fidelity Series Long-Term Treasury Bond Index Fund | FTLTX | 4.80% |
| Fidelity Series Intl Dev Mkts Bd Idx | FSTQX | 4.44% |
| Fidelity Srs 5+ Yr Inf-Ptctd Bd Idx | FSTDX | 1.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 9, 2025 | $0.114 | May 12, 2025 |
| Dec 30, 2024 | $0.549 | Dec 31, 2024 |